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Cellectis

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Cellectis to cut 70% of staff as it abandons CAR-T for in vivo gene editing
biotech22 minutes ago

Cellectis to cut 70% of staff as it abandons CAR-T for in vivo gene editing

Paris-based Cellectis is eliminating up to 70% of its workforce as it pivots from allogeneic CAR-T cell therapies to in vivo gene editing. The company scrapped its clinical-stage lasme-cel and eti-cel programs in September 2026, citing a changed commercial landscape. It is now focusing on two preclinical candidates: HEAL-101 for severe hypertriglyceridemia and HEAL-201 for severe hypercholesterolemia. Third-quarter financial results show a net loss of $101.1 million for the nine-month period, with cash reserves expected to fund operations into late 2028.

AstraZeneca's Multi-Million Dollar Investment Boosts Cellectis' Gene Therapy Prospects
business3 years ago

AstraZeneca's Multi-Million Dollar Investment Boosts Cellectis' Gene Therapy Prospects

AstraZeneca is collaborating with and investing in French biotech Cellectis, paying a total of $105 million to acquire a 22% stake and 21% of voting rights. The deal includes a $25 million upfront payment and an $80 million equity investment, allowing AstraZeneca to add a non-voting observer to Cellectis' board. This move strengthens AstraZeneca's cell and gene therapy potential.

biotechnology3 years ago

Cellectis and AstraZeneca Forge Strategic Collaboration and Investment Deals

Cellectis has announced a strategic collaboration and investment agreements with AstraZeneca. The collaboration aims to develop up to 10 novel cell and gene therapy candidate products in areas of high unmet need, such as oncology, immunology, and rare diseases. AstraZeneca will leverage Cellectis' gene editing technologies and manufacturing capabilities. Cellectis will receive up to $245 million in cash, including an upfront payment of $25 million, potential milestone payments, and tiered royalties. AstraZeneca will also make an initial equity investment of $80 million and potentially an additional investment of $140 million.